1.
U.S. markets recover from steep losses
AUBURN HILLS, Mich., Feb. 7 (UPI) -- Chrysler Group Chief Executive Officer Sergio Marchionne said bonus checks would arrive early this year following the first company profit in 15 years.
Chrysler earned a net profit of $183 million in 2011; it also reported an operating profit of almost $2 billion, the first since 2005, The Detroit News reported Tuesday.
"It took an incredible team effort to bring about such remarkable results, and you should be proud," Marchionne said Monday in a message to union workers.
The average bonus check for hourly workers will come to $1,500, less taxes and union dues, the newspaper said.
The checks are normally sent in March. This year, the checks should arrive by Feb. 10, a Friday.
"I ask that you continue to demonstrate the strength and courage you have shown to challenge our destiny and revitalize this great company. The future holds enormous opportunity, and it's a challenge that calls for our continued, shared commitment," Marchionne said in the e-mail.
|
|
|
|
|
|
| Additional Business News Stories | |
JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
|
LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
